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Spx500forecast

SPX Main resistance is at 3752-55We didnt get lower open I was expecting, instead it gaped up. Im not trusting this moves up till new low is made. This week should be green going into next one imo so have to mind that. Mon/Tue are the days for the temp low and since we made a higher high, it seems we got one yesterday. Will be watching levels to go long. Main support in 3680s (if it gets there, I will be starting with some longs) Supports are on the chart, below the price
SP:SPX
by RealTima
13
Very important place to hold, I think it wontSo close to new lows. DOW already made one last Fri. SPX to make today or tomorrow imo. Too many stops below that low Jun low, Im sure algos will shave those, before turn. Fear and Greed is at Extreme fear levels, VIX is above 31-32, perfect bottoming indicators to me Below the support line (3662-58) we will see 3636-20 and my ideal target 3588 Im not going long till tomorrow BTW ES already broken support and last night low and just needs a continuation
SP:SPX
by RealTima
23
SPX pathwayThis update works only if we wont flash crash tomorrow from the open or even pre-market. Next week is a directional change week! If we hold 3636-40 on closing level it will be quite bullish imo. But I still think we will deep down to 3588SPX before it finds a good bottom. Timing is limited for Mon/Tuesday am only, so tomorrow's action is very important. I think we bottom either tomorrow or Tuesday. Regardless of that low Im going to watch Tuesday higher daily close to mark temp bottom. Ideally we see 3960SPX on the move up by early Oct. But it can be limited to 3830SPX Going to start buying tomorrow if we hit 3636-40SPX and add at 3588SPX. My pathway is this: - bottom on Tuesday - up move into 3rd/4th - down into Oct 7th Dont get trapped with shorts next 2 days!
SP:SPX
by RealTima
29
$SPY $SPX - #SPY #SPX Where is the S & P 500 Index headed next?On Friday September 23rd, the FED held a very important meeting to discuss the current issues that we are facing economically, while most of the comments were bleak, there were a few clues that our supply chain could finally see a light at the end of the tunnel by next year (not without heartache of course). The largest issue we are facing is supply chain & employment retention issues. The supply chain will be slowly improving now until the end of the year. If you are following my social media page, I've stated that shipping prices will see a decline beginning this week (shipping is a large part of our supply chain issues). The second large issue is understaffed production. I believe this will adjust as more corporations begin laying off workers, the job market will tighten, making entry level positions more competitive. Real Estate will get slaughtered into the New year to make housing more affordable, but keep in mind we do have a shortage in homes (considering how many millennial/gen Xers are still living with their mamas). New home builders cannot profit with high inflation, high interest loans and a declining real estate market. The will begin to pay off debts first to avoid the new high rates and then buy back single family homes to flip for profits and/or buy back their own beaten down stocks. As FED pivots, homes will get purchased again so not at all am I expecting a 2008 scenario. When the FED decides to pivot, the best place to hold cash will be BITCOIN, GOLD, SILVER, STOCKS, (possibly real estate if you have cash on hand) ect and at that time $DXY will drop and the Dollar will no longer be the best store of value. I listened to the entire 2+ hours of the FED meeting and after analyzing the current data and Jerome Powell's hawkish nature, I'm NOT expecting a big bounce in the S&P 500 Index anytime soon. The shorts are piling in and for good reason because we will definitely drop down and make a fresh low this year. A pivot in our current sentiment isn't happening next month, the bounce going into October will be much weaker than the previous one we just had, maybe just to squeeze enough shorts out of existence before actually making the plunge into the final accumulation pattern. I will keep updating my thoughts as more data is printed but for now this is an estimate of how I see the price action flowing on The S & P 500 Index. Happy Sunday!!
AMEX:SPYShort
by ChaldeaCode
2
S&P500 | RECESSION FEARS GROWWorld's Equity Market trumple as Fed continue to raise interest rate and there is no hope to cut the rate in near sight. DXY is the only winner since the second half of the 2021. Oil price moves more downside as recession fear grow and we might have entered in recession way before. This is the analysis of S&P500 which is the major benchmark for the performance of how stock markets are doing all over the world. Currently the benchmark index is at key support of EMA200 level which is 36000; a) This is the same horizontal level where price got bounced on 13th Jun 22 b) EMA 200 resides at the same level. Let's talk about if this support doesnt hold; a) We have series of Lower Highs forming an indication of bearish trend. b) The RSI is in bearish territory where sell on strength should be adopted. c) The Harmonics ABCD will complete at 32K which is also a good horizontal support. Where do you see the market heading?
SP:SPX
by TradeTrio
2
S&P500 – not the bear market, just a correction!Hello, everyone! You know me as a Bitcoin analyst, but S&P500 have the strong influence on cryptomarket. Today I revealed that the “bear market” on traditional markets is going to end. I use quotes because it is not the true bear market, just the correction. I will explain you why. What is the bear market – it’s the 5 waves Elliott cycle to the downside, but if we try to count waves the potential wave 4 overlaps the wave 1 – it means that it’s not the waves 1 and 4. Thus we have to consider it as the ABC correction. Here this ABC is represented as a zigzag. Wave A consists of the zigzag abc inside it. The same is true for wave B. Now the price continues to draw the wave C. The target for wave C could be the 0.618 Fibonacci extension ($3550). Also the MACD indicator on the 1W timeframe showing us the potential strong bullish divergence – it’s the insane reversal signal for the end of the “bear market”.
CME_MINI:ES1!
by Skyrexio
10
SPX all eyes on 3721 number!Resistance is at 3725-30 now. Maj support on closing level today is 3721SPX! The price is below that number. So if we close below (and Im looking for a rally back to 3730 and fail) then we could see my 3580 as early as Monday! Next week supports are: - 3662 - 3636 - 3580 - 3540-45 ES next stop is at 3666! We are below all the possible support fib extensions, new lows are coming! How do you feel now about 5500 call (I know some of you watch my channel here), being wrong all year and not admitting it its a diagnosis! Dont get trapped going into the weekend, being in cash is a position too P.S. I got stopped on todays lotto calls, 50% cut, thats why its a lotto
SP:SPX
by RealTima
12
SPX SUMMER RALLY BREAKING DOWN? With the SPX rallying over 18% from trough to peak over the last few weeks it looks like the recent upward trend could be under threat. As we can see on the chart above price is threatening to breach the lower third standard deviation (-3SD) off the linear mean at 4058.16. Given the high central tendency of signal to revert toward the linear mean(Pearson’s R^2 = 0.92), a deviation this far to the edge of the regression channel is not insignificant. We can also see that our 1 day RSI has gone below its midline into bearish trend territory and our MACD has rolled over with signal exhibiting wide downside divergence at the mouth. These are not bullish signals. If SPX price action fails to bounce back into the channel next week and falls firmly below the 4K line for a couple days or touches down to the 3850 price region, either of those would be enough to shatter the recent rally from a structural perspective. (Not financial advice.)
SP:SPX
by Firewalker_Charts
1
SPX weekly end updateHi everyone, This one will be quick Its a weekly closing and I got both daily and weekly Major support at 3721-22SPX on closing level. - S2 is at 3709 - 100% extension off Aug 16 and Sep 12th highs is at 3680SPX We have Powell speaking at 2pm Eastern My trading plan for tomorrow: - currently short, both ES and NQ (ES entered at 3769.50, stop 10 points) - exit ES at 3936 - looking for a low before Powell, ideally in first couple of hours of the trading day - 3721-3709SPX and possible extension (less odds) 3680SPX (has a perfect 1.618 fib for the ES extension lower) - will buy lotto calls if we see second number - exit at the EOD ideally at 3770 level I will be entering with some lotto Monday puts if we get EOD rally and fail before the close Most important number is 3721SPX tomorrow! Closing below will bring 3660 and 3636SPX next week if not lower! There is a potential crash scenario on Monday if we get the rally into the close and fail to close on the highs. Have a good night!
SP:SPX
by RealTima
23
SPX tested the broken out trendline from the top, pushHere is last chance for the bulls to push into the close, levels to watch are 3802 and 3817 on closing level I have set a buy order at 83 with a tight stop (if it gets there again, will be a good r/r imo) Bull flagging Must close above 3786 at min for any bulls to have hope for another push to 3802-17 at min. My thoughts are either we see 3710-21 tomorrow am and rally into the 27th, or the opposite, we fail again tomorrow at 3817 and go down to 3720 and even 3680-36 by Tuesday
SP:SPX
by RealTima
19
SPX both supports broke down (added ES chart)We got my green open but it didnt really continue, I did few longs, still have one running in case its bottoming here But wont be surprised of bigger down days to come, 27th should mark some sort of a low in turn around Tuesday. I think we hit 3680 at min, be careful on the long side. The price is so weak cant even bounce much, means consolidation for lower levels. 3721 and 3636 are both maj supports to watch! (on closing level) Its a short the rip game till its not As you can see only ES is holding from falling apart
SP:SPX
by RealTima
Selling previous support on SPX.US500 - Intraday - We look to Sell at 3834 (stop at 3889) The medium term bias remains bearish. We can see no technical reason for a change of trend. A firmer opening is expected to challenge bearish resolve. Resistance is located at 3840 and should cap gains to this area. We look to sell rallies. Our profit targets will be 3701 and 3680 Resistance: 3840 / 4150 / 4320 Support: 3700 / 3280 / 2475 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
3
SPX is at its support trendline off Sep 1st and 6th lowIt was a crazy day, as always after FOMC. Im expecting this move down to reverse completely and more by Fri. - Main resistance is at 4012-15SPX on weekly closing - Daily resistance is at 3802-17, 3850-55, 3895 and 3935 Tomorrows support (if the AHs price wont be reversed by the open) levels: - 3752-50 - 3721 - 3680 I expect 3721SPX holding strong on closing level and wont rule out an overshoot to 3680SPX SPX daily targets 3475-85SPX by Oct 28-31st ES support trendline hit - resistance is at 3825-35 for tonight If we open green or flat, it will be a bullish sign and I will be looking to enter with longs and ride it till at least over today's highs. Otherwise will be looking to buy at 3752 and 3721SPX tomorrow for a good size rally back to 3890-95 or so. No point to over trade this but trade the levels of importance Have a good night
SP:SPX
by RealTima
6
SPX one more big bear channel visualizationA slightly lower into my 3802-17 level will be a perfect hit of the lower trend channel. NQ already broke its on to the downside! Important to note A right shoulder fake rally will be perfect before it really drops into Oct/Nov lows Also dont be surprised if it breaks, then look for the retest of the broken trend channel from below P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
14
SPX possible H&S pattern targets 3500 or soI have changed the color theme on my chart and removed everything I could to make it clear for those who are having troubles reading my charts. Look what I just saw! Let me introduce a possible pathway after tomorrows FOMC announcement. On June 15th we have spike up and had a big range day. Then next day the price gaped down and made new lows. I see kinda similar pathway were we either make a new low in am - 3802-17 and maybe 3795, then rally up to 3925-65SPX level to make a right shoulder. (I prefer 3955-65 in case we see low of 3800 in am) Then the price can start moving fast and get below 3700 even by Friday, bottoming on the 27th in Tuesday turn around structure. That low can be as deep as 3500! I have fibs supporting this possible move down from 3680 to 3500 So my plan for tomorrow, exit shorts (partly) in am and go long for a FOMC squeeze. Then short the close and hold into the 27th low. Please do your own risk management as the price can be very volatile and will take both sides in stops (been there done that) 22nd is a reversal day of whatever day we get tomorrow and should bottom or top on the 27th. So if in fact we see selling after the FOMC, then I will be looking for a long at the end of the day instead of shorting the hole. - 3802-17, 3752 and 3721 are the support levels to watch! I will leave this right here. Feel free to share this update with anyone. P.S. (Sometimes Im getting interesting comments like my charts make people seizures (those people dont even follow me). Just want to make it clear, that Im not here to make it pretty, Im not selling a anything to anyone or make money out of my posts. I do post my updates just to share with those who will appreciate that work and use it for their own homework. So please no need to even follow or see my charts if you cant read them, that means you're very new to the markets and need to do more study and learn simple stuff like moving averages, support/resistance lines as well as trendlines etc. All my charts are working progress, please respect that as well as my time)
SP:SPXShort
by RealTima
34